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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SSE plc    SSE   GB0007908733

SSE PLC

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SSE : statement on discussions relating to possible sale of SSE Energy Services

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08/12/2019 | 04:19am EDT

As it said in its Preliminary Results Statement in May, and reiterated in its Q1 Trading Statement in July, SSE is actively progressing a number of options for the future of SSE Energy Services, having determined that its best future lies outside the SSE group.

In line with this, and noting recent media speculation, SSE plc can confirm it is in discussions with Ovo Group over the possible sale of the SSE Energy Services business, which supplies energy and related services to around 5.7 million household customers across Great Britain.

These discussions are continuing, however no final decisions have been taken and no agreements regarding the terms of any transaction have been entered into.

The Board remains focused on securing the best long-term future for the business, its customers and employees, and for shareholders.

SSE will provide no further comment on the discussions until a conclusion to them has been reached.

In the meantime, it remains focused on the important work of delivering sector-leading service for its customers.

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (GBP)
Sales 2020 29 978 M
EBIT 2020 1 437 M
Net income 2020 828 M
Debt 2020 9 857 M
Yield 2020 6,47%
P/E ratio 2020 14,8x
P/E ratio 2021 12,5x
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Number of Analysts 21
Average target price 1 243,33  GBp
Last Close Price 1 236,00  GBp
Spread / Highest target 21,4%
Spread / Average Target 0,59%
Spread / Lowest Target -19,1%
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NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Anthony Edward Keeling Chief Operating Officer
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Director & Managing Director-Wholesale Division
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